Monday, March 31, 2008
Bet UK CPI has miraculously dropped, as House Prices added to basket
"European inflation accelerated to the fastest pace in almost 16 years, making it harder for the European Central Bank to cut interest rates as a global credit squeeze saps confidence among executives and consumers." ...change all references to the Europe to the UK and we might have a BoE worth its remit, but instead we have a weak VI infected parody of an independent organisation. Goodbye Sterling it was nice knowing you........hello inflation/ staglflation/ deflation/ hyperinflation etc.etc.etc.